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Fla. Pension Chief Ordered to Discuss Investment

By: AP Email
By: AP Email

TALLAHASSEE, Fla. (AP) -- The head of Florida's pension fund is
being told to discuss a $125 million investment in a public
meeting.

Senate President Mike Haridopolos asked for the meeting instead
of granting a request by State Sen. Mike Fasano to subpoena records
from the State Board of Administration. Fasano wanted to know more
about a decision to hire an investment firm that specializes in
shaking up companies.

The state board manages the state's $100 billion-plus pension
fund for public employees.

Fasano made his request after SBA executive director Ash
Williams told Fasano it would cost more than $10,750 to review and
release records Fasano wanted.

Williams has ties to the investment firm hired by the state but
he has said that others in the agency made the decision to hire the
company.

(Copyright 2011 by The Associated Press. All Rights Reserved.)
AP-NY-10-06-11 1848EDT


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